Interim results show good momentum in sales, with distribution growth particularly strong and outpacing manufacturing and resulting in a weaker margin mix giving a broadly flat performance versus the prior period. Group order book at the end of October stood at £20.1m, a 38% increase on the previous year, and October orders were at a record level. No change to FY forecasts, with the group on track to achieve forecasts we slightly reduced in October. Our maintained 535p price target is b

21 Nov 2017
Interim results, distribution shows strong growth

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Interim results, distribution shows strong growth
Solid State plc (SOLI:LON) | 205 0 0.0% | Mkt Cap: 116.2m
- Published:
21 Nov 2017 -
Author:
David Buxton -
Pages:
4 -
Interim results show good momentum in sales, with distribution growth particularly strong and outpacing manufacturing and resulting in a weaker margin mix giving a broadly flat performance versus the prior period. Group order book at the end of October stood at £20.1m, a 38% increase on the previous year, and October orders were at a record level. No change to FY forecasts, with the group on track to achieve forecasts we slightly reduced in October. Our maintained 535p price target is b